We are live on ! Find out more
SOMRS

State of Michigan Retirement System Portfolio holdings

AUM $18.9B
1-Year Est. Return 27.96%
This Fund
S&P 500
This Quarter Est. Return
-2.31%
1 Year Est. Return
+27.96%
3 Year Est. Return
+96.72%
5 Year Est. Return
+118.4%
10 Year Est. Return
+412.12%
AUM
$18.9B
AUM Growth
-$1.63B
Cap. Flow
-$623M
Cap. Flow %
-3.29%
Top 10 Hldgs %
32.18%
Holding
956
New
21
Increased
397
Reduced
417
Closed
15

Top Buys

1
ADBE icon
Adobe
ADBE
+$193M
2
CHTR icon
Charter Communications
CHTR
+$87.8M
3
DUOL icon
Duolingo
DUOL
+$78M
4
KR icon
Kroger
KR
+$60.4M
5
FDS icon
Factset
FDS
+$47.9M

Top Sells

1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$414M
2
NVDA icon
NVIDIA
NVDA
+$150M
3
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$103M
4
AAPL icon
Apple
AAPL
+$73.7M
5
MSFT icon
Microsoft
MSFT
+$73.6M

Sector Composition

1 Technology 31.88%
2 Financials 11.62%
3 Communication Services 10.41%
4 Consumer Discretionary 9.06%
5 Healthcare 8.62%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
COST icon
26
Costco
COST
$420B
$119M 0.63%
119,669
-50,100
-30% -$48.8M
DUOL icon
27
Duolingo
DUOL
$6.28B
$118M 0.62%
1,193,307
+632,807
+113% +$78M
NFLX icon
28
Netflix
NFLX
$286B
$112M 0.59%
1,163,190
-436,400
-27% -$38.5M
CVX icon
29
Chevron
CVX
$372B
$101M 0.54%
489,639
-5,900
-1% -$1.08M
ABBV icon
30
AbbVie
ABBV
$456B
$100M 0.53%
461,708
-1,000
-0.2% -$222K
VRT icon
31
Vertiv
VRT
$109B
$99.1M 0.52%
395,600
+156,300
+65% +$34.7M
CSCO icon
32
Cisco
CSCO
$442B
$94.9M 0.5%
1,223,362
+500
+0% +$39.1K
CHTR icon
33
Charter Communications
CHTR
$16.7B
$93.2M 0.49%
431,582
+405,385
+1,547% +$87.8M
CAT icon
34
Caterpillar
CAT
$403B
$91.8M 0.48%
129,572
-900
-0.7% -$623K
PG icon
35
Procter & Gamble
PG
$356B
$90.3M 0.48%
625,037
-4,600
-0.7% -$697K
KBDC
36
Kayne Anderson BDC
KBDC
$920M
$90.1M 0.48%
6,566,762
– –
BAC icon
37
Bank of America
BAC
$434B
$90.1M 0.48%
1,848,012
-25,500
-1% -$1.32M
TDG icon
38
TransDigm Group
TDG
$69.8B
$87.8M 0.46%
75,792
– –
AMAT icon
39
Applied Materials
AMAT
$424B
$87.2M 0.46%
255,055
-1,200
-0.5% -$404K
MRK icon
40
Merck
MRK
$323B
$87M 0.46%
723,090
-1,400
-0.2% -$162K
HD icon
41
Home Depot
HD
$348B
$85.5M 0.45%
260,084
-500
-0.2% -$182K
BRK.A icon
42
Berkshire Hathaway Class A
BRK.A
$1.08T
$83.3M 0.44%
116
– –
KO icon
43
Coca-Cola
KO
$357B
$79M 0.42%
1,038,148
-2,200
-0.2% -$166K
GE icon
44
GE Aerospace
GE
$372B
$77.7M 0.41%
273,961
-2,200
-0.8% -$691K
LRCX icon
45
Lam Research
LRCX
$389B
$77.3M 0.41%
361,600
-2,600
-0.7% -$581K
IJH icon
46
iShares Core S&P Mid-Cap ETF
IJH
$123B
$76.4M 0.4%
1,131,710
+96,900
+9% +$6.72M
UNH icon
47
UnitedHealth
UNH
$388B
$76.1M 0.4%
281,419
+36,500
+15% +$10.9M
INTC icon
48
Intel
INTC
$474B
$68.3M 0.36%
1,546,983
+52,700
+4% +$2.42M
WFC icon
49
Wells Fargo
WFC
$271B
$67.8M 0.36%
852,149
-13,900
-2% -$1.19M
RTX icon
50
RTX Corp
RTX
$266B
$67.6M 0.36%
350,600
-400
-0.1% -$79.5K
1
2
3 4 5

Similar funds

BPA
Beacon Pointe Advisors Newport Beach, California $18.9B AUM 18.9% 1-Year Est. Return
NAM
Nissay Asset Management Tokyo, Japan $18.9B AUM 27.21% 1-Year Est. Return
JAM
Jupiter Asset Management London, United Kingdom $18.8B AUM 29.2% 1-Year Est. Return
LF
Lansforsakringar Fondforvaltning Stockholm, Sweden $19.1B AUM 26.9% 1-Year Est. Return
A
AustralianSuper Melbourne, Australia $19.2B AUM 31.95% 1-Year Est. Return
BBHC
Brown Brothers Harriman & Co New York $18.6B AUM 15.81% 1-Year Est. Return
CS
Candriam SCA Strassen, Luxembourg, Luxembourg $19.3B AUM 39.18% 1-Year Est. Return
PCM
Pentwater Capital Management Naples, Florida $19.3B AUM 58.13% 1-Year Est. Return

State of Michigan Retirement System's Q1 2026 Portfolio in Review

As of Q1 2026, State of Michigan Retirement System held 956 positions worth $18.9B, down 7.9% from $20.6B the previous quarter. Its ten largest holdings account for 32% of the portfolio.

State of Michigan Retirement System withdrew a net $623M in Q1 2026, closing 15 positions and reducing 417 holdings. Its most notable exit was Transmedics, an estimated $13.1M position sold in full.

By sector, the portfolio is most concentrated in Technology at 32% of assets, down from 33% a quarter earlier, followed by Financials and Communication Services.

Against the trend, State of Michigan Retirement System opened a new position in Spotify worth $27.2M.

  • State of Michigan Retirement System's largest Q1 2026 buy was Spotify: 56,031 shares worth $27.2M.
  • State of Michigan Retirement System added most to Adobe in Q1 2026, an estimated $193M increase.
  • State of Michigan Retirement System's biggest Q1 2026 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $414M.
  • State of Michigan Retirement System fully exited Transmedics in Q1 2026, selling an estimated $13.1M.
  • State of Michigan Retirement System's ten largest holdings make up 32% of its $18.9B portfolio in Q1 2026.
  • State of Michigan Retirement System opened 21 new positions and closed 15 in Q1 2026.
  • State of Michigan Retirement System's portfolio value fell 7.9% quarter-over-quarter to $18.9B.

Based on State of Michigan Retirement System's 13F filing for Q1 2026, filed 4 May 2026.